Consumer advocates have argued that there may be a glut of real estate brokers working within the area, given the licensing course of to turn into an agent is fairly easy. While there’s demand for real estate brokers with expertise, some working within the field don’t at all times work in good faith. The settlement will in all probability encourage buyers to turn into more invested in who they choose as their agent, as they are going to be paying them extra immediately, making it extra aggressive for buying brokers to find shoppers. “From a shopper standpoint, it is a complicated, opaque marketplace,” mentioned Steve Brobeck, a senior fellow on the Consumer Federation of America who has written extensively about the real estate trade.

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